The most populous nation in southeast Asia has interested demographic data. Indonesia turn to economy giant as the millennial dominate the productive ages. They become the motor of the domestic consumption in Indonesia economy.
As we known Indonesia economy driven by domestic consumption. These millennial has the power buyer of good, especially in consumer good like electronic or gadget. It is easily to be trend that new release product always has fast respond from these millennial.
Perhaps every month they change their gadget, also it is to easy to buy those thing. Usually seller give easy payment, either monthly installment or no down payment. This made the product easily absorbed by these millennial.
Not like in consumer good, property sector seem to be late absorbing the millennial buying power. The data look bit disappointed, these millennial has less power in buying property compare to generation X. These millennial still think that to have a house in not necessary for now, but important when they plan to have a family.
Most of them just delay their married to be stable financially. Actually property agent should know this opportunity and use it to get their buying power. Many property marketing idea could reach this millennial easily, just need to their up to.
Indonesia Millennial also has idea of investing, either saving or buying investment in stock market. Many millennial are interested in crypto currency, which was booming decade ago and still looking profit or gain in crypto financial market. This should be a good new for the government to have regulation in place for tax or to improve the economy.
